CMA CGM introduces Red Sea contingency fee

Marseille-headquartered box line CMA CGM will implement a contingency charge from 1 March due to the additional expenses caused by rerouting services via the Cape of Good Hope to bypass the Red Sea passage.

The French ocean carrier will apply a charge of US$1,550/container from Papua New Guinea to North Europe, Scandinavia, Poland, Baltic, East and West Mediterranean, Adriatic and Black Sea.